The assessee deposited huge cash into his bank account. The return was not filed. Various notices issue were not responded. The assessment order is passed making addition On writ dismissing the petition the Court held that since assessee had got statutory remedy of filing an appeal under section 246A to NFAA, assessee should avail statutory remedy of appeal. (AY. 2016-17)
Srinivas Meesala v. Add. CIT (2023) 331 CTR 464/146 taxmann.com 322 (AP)(HC)
S. 144B : Faceless Assessment-Best judgement assessment-Reassessment-Unexplained money-Alternative remedy-Writ petition is dismissed.[S. 69A, 144, 147, 148, 246A, Art. 226]